The European Investment Bank is providing up to €60 million in financing to the Finnish Taaleri SolarWind II fund, to create approximately 850 megawatts of renewable energy capacity which will offset over one million tonnes of CO2 annually throughout the 25 year life of the assets.
This contribution, together with additional financing from other sources is under the European Fund for Strategic Investments, the core element of the Investment Plan for Europe, or Juncker Plan, that has mobilised as of June nearly €410 billion of additional investment, including €8.5 billion in Finland.